The Power of Management Innovation: 24 Keys for Accelerating Profitability and Growth (Mighty Managers Series)

The world’s most profitable companies share two things in common: quality of management and management capital. Combining leadership passion for creating growth and profitability (quality of management) and the effective deployment of resources for accelerating growth (management capital) is the formula for thriving in the 21st century. The Power of Management Innovation is a clear roadmap for delivering these critical drivers of success to your own organization. Incorporating the most pertinent points from his classic book The Power of Management Capital, creator of the TQM movement Armand V. Feigenbaum, along with systems management and technology expert Donald S. Feigenbaum, lays out 24 actionable keys for applying systematic management and leadership models to your company, including how to: Foster constant innovation throughout your company Integrate the newest technology resources Create, expand, and redefine your market Combine the power of hard and soft assets Diffuse responsibility through all levels of operations Eliminate obstacles to product and service value Operationalize your commitment to quality Create strategic alliances and partnerships Focus on customers, investors, and other stakeholders Apply the insights of The Power of Management Innovation and you’ll soon find yourself leading—not following—the pack in today’s enormously demanding and brutally competitive business environment. Contents......Page 12 The Power of Management Innovation......Page 18 Innovate now and then / Innovate constantly......Page 22 Trust the old ways / Promote innovation......Page 26 Stay the course / Learn and innovate......Page 30 Manage hard the old way / Manage smart in new ways......Page 34 Manage as always / Promote management capital......Page 38 Depend on hard assets / The power of hard and soft assets......Page 42 Grow through good markets / Grow through opportunism......Page 46 Don't fix if it's not broken / Keep aware and agile......Page 50 Focus on profits / Focus on customers......Page 54 Try things here and there / Sustain and systematize......Page 58 Keep talking concepts / Operationalize concepts......Page 62 Manage by the numbers / Lead with heart and head......Page 66 Use more management / Manage better, not more......Page 70 Hold on to traditions / Create the future......Page 74 Keep power at the top / Network responsibility......Page 78 Work independently / Collaborate strategically......Page 82 Leave technology to IT / Compete using technology......Page 86 Focus on fighting fires / Find and fix disconnects......Page 90 Pay cost of doing business / End costs of failure......Page 94 Go your own way / Lead with the best......Page 98 Improve however, whenever / Cultivate best practices......Page 102 Manage to survive / Lead competitively......Page 106 Focus on the bottom line / Lead your value chain......Page 110 Manage the old way / Manage by the new model......Page 114 The McGraw-Hill Mighty Manager's Handbooks......Page 124 Combining leadership passion for creating growth and profitability (quality of management) and the effective deployment of resources for accelerating growth (management capital) is the formula for thriving in the 21st century, this title offers a roadmap for delivering these critical drivers of success to your own organization. Offering a clear roadmap for delivering critical drivers of success to your organization; this book lays out 24 actionable keys for applying systematic management and leadership models to your company. -- Edited summary from book